THE NATION: New Offensive

Dispensing with the jargon of professional economists, Dwight Eisenhower last week issued an economic report to the nation that began bluntly with one of the biggest pieces of news since V-E day. "The paramount fact about the economy at midyear," he wrote, "is that the recent decline in economic activity has come to a halt." Two big specifics:

¶ While unemployment is higher than during the Korean war, it is on a par with comparable months of 1949 and 1950 and "has shown some tendency to diminish of late."

¶ Wage levels have continued to rise, while prices have virtually...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!